Chief Financial Officer

Job Description

Job Description

The Chief Financial Officer is responsible for directing the fiscal functions of the corporation in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate within the Banking industry.

Main Job Tasks and Responsibilities:

• Plan, develop, organize, implement, direct and evaluate the organization's fiscal function and performance.
• Participate in the development of the corporation's plans and programs as a strategic partner.
• Evaluate and advise on the impact of long range planning, introduction of new programs/strategies and regulatory action.
• Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the the CEO/President and the Board and other senior executives in performing their responsibilities.
• Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems that will improve the overall operation and effectiveness of the corporation.
• Establish credibility throughout the organization and with the Board as an effective developer of solutions to business challenges.
• Provide technical financial advice and knowledge to others within the financial discipline.
• Continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.
• Provide strategic financial input and leadership on decision making issues affecting the organization; i.e., evaluation of potential alliances acquisitions and/or mergers and pension funds and investments.
• Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
• Develop a reliable cash flow projection process and reporting mechanism which includes minimum cash threshold to meet operating needs.
• Be an advisor from the financial perspective on any contracts into which the Corporation may enter.
• Evaluation of the finance division structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as providing individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals.

Education and Experience:

• Experienced leader and financial executive with appropriate industry experience, preferably in the Finance field.
• Master’s degree (MA), CPA certificate or equivalent; or ten to fifteen years related experience and/or training; or equivalent combination of education and experience.

Key Competencies:

• Ability to read, analyze, and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints.
• Ability to make effective and persuasive speeches and presentations on controversial or complex topics to Management and the Board,
• Energetic, forward-thinking and creative
• High ethical standards and an appropriate professional image.
• Strategic visionary with sound technical skills, analytical ability, good judgment and strong operational focus.
• Well organized and self-directed individual who is "politically savvy" and a team player.
• Intelligent and articulate individual who can relate to people at all levels of an organization and possesses excellent communication skills.
• Trustworthy educator willing to share information and serve as a mentor.
• Excellent negotiator who is experienced in contracts.
• Decisive individual who possesses a "big picture" perspective and is well versed in accounting processes.